During 2017, The Loan Fund provided 81 new loans totaling $5.6 million in affordable credit to New Mexico’s small businesses and nonprofits. These loans helped create or preserve over 450 jobs across the state.
The Loan Fund closed the year by reaching two organizational milestones:
- $75 million in cumulative loans since 1990
- Achieving $14 million in loans outstanding for the first time in our history
These milestones would not have happened without our tremendous clients. With a strong first month in the books, we look forward to all that happens in 2018!